Technology

Design Objectives
The ocean is an extremely demanding environment that, in order to ensure the survivability and cost-effective operation of WEC, requires careful attention to several design parameters. RME expects its WEC will be adopted in many offshore power markets because its design objectives incorporate features that deliver tangible benefits to customers:
• simplicity - fewer parts subject to wear/breakage
• modularity - fits any size power need & easy to maintain
• adaptability - adjusts to different wave climates without excessive customization
• compactness - minimizes transportation/installation/retrieval costs

If RME’s WEC prototype validates the Company’s design strategy, Resolute may achieve sustainable competitive advantages related to lower purchase price, lower operation & maintenance costs and significant potential for margin expansion when WEC are manufactured at scale.

WEC in Development
In January 2009, RME conducted sea trials of an early point-absorber WEC prototype pursuant to a NOAA-funded project to develop a renewable energy power supply for offshore aquaculture systems. More recently, RME has been developing two different WEC designs pursuant to R&D funding provided by DoE. By summer 2011we expect to have completed computer modeling and reduced-scale wave tank testing of both devices and to be conducting the first round of ocean trials. We expect to undertake a second round of ocean trials utilizing fully integrated, larger-scale WEC in summer 2012 and to be prepared for commercial trials later that year.

Intellectual Property
RME has filed patent applications related to certain aspects of its WEC designs and expects to continue doing so as additional innovations are discovered.

RME is interested in building the value of its IP portfolio and will consider a wide range of options including licensing and acquisitions of patents and patent portfolios. Please submit written inquiries to us at our contactus@resolutemarine.com communication portal.